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<strong>Late Stage Delinquency Assistance (LSDA)</strong> – Refers to procedures followed by Student Loan Counseling Services (SLCS) when a loan is 241 days delinquent or more. The MDHE contracts with SLCS for default aversion assistance services.
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radical economics (A1)<br />An application of Marxist and socialist theories to the analysis of the problems of advanced CAPITALIST countries. The major concerns of radical economists are income inequality, international capitalism in the form of MULTINATIONAL CORPORATIONS, DE-INDUSTRIALIZATION, UNEMPLOYMENT, MARKET FAILURE, defence expenditure and the low provision of many PUBLIC GOODS. The humane concerns of these writers have influenced a great deal of policy making but have yet to form the basis of a new society and economy in any major country.<br /><em>Reference</em><br />Linder, M. (1977) The Anti-Samuelson, Vols I and II, New York: Urizen Books. Sawyer, M. (1989) The Challenge of Political Economy: Radical Alternatives to Neo-Classical Economics, Heme! Hempstead: Harvester Wheatsheaf.
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involuntary unemployment (J2, J6)<br />1 Not wanting to work at a given wage but still doing so.<br /> 2 Lack of jobs.<br /> 3 Being unable to obtain employment at a given wage rate.<br /> 4 A case of DlSEQutLlBRtuM in the labour market. KEYNES was particularly noted for identifying this type of UNEMPLOYMENT, partly because he prescribed an increase in AGGREGATE DEMAND to eliminate it.<br /><em>See also:</em> voluntary unemployment
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